September 25 2017

Permian ‘Super Basin’ Holds Up to $3.3 Trillion in Untapped Oil

Joe Carroll The Permian Basin of Texas and New Mexico holds 60 billion to 70 billion barrels of yet-to-be pumped crude oil, according to a study by IHS Markit Ltd. The Permian region’s so-called recoverable resources would be enough to supply every refinery in the U.S. for 12 years and have a market value of […]

September 25 2017

Rival Automakers Are Funding Tesla Through Electric Car Credits

Tesla Inc. has generated nearly $1 billion in revenue the last five years from an unlikely source: Rival automakers. The payments are part of an unpopular system in California that’s poised to proliferate elsewhere. California requires that automakers sell electric and other non-polluting vehicles in proportion to their market share. If the manufacturers don’t sell […]

September 25 2017

EU Power Generators Warn Plan to Cut Use of Coal May Backfire

A group representing power generators across the European Union warned that the bloc’s plans to limit the use of coal may backfire, encouraging utilities to seek returns on new fossil-fuel plants instead of putting money into clean energy. European Commission is considering a law that would effectively block many coal-fired plants from getting support payments under the […]

September 25 2017

ABB to Revamp GE’s `Unloved Child’ in $2.6 Billion Deal

Swiss engineering company ABB Ltd. agreed to buy General Electric Co.’s industrial solutions business for $2.6 billion to strengthen its foothold in the U.S., the world’s biggest market for electrification products like circuit breakers and switch gears. ABB will incur costs of $400 million over five years to integrate GE’s industrial solutions unit, Chief Executive Officer […]

September 24 2017

Want Free Parking? Drive an Electric Car in Dubai

Dubai, with its 14-lane highways and car-dependent residents, will provide free parking and toll-free driving to encourage motorists to shift to electric cars as a way of cutting carbon emissions in the oil-rich United Arab Emirates. The Dubai Electricity and Water Authority aims to have 32,000 electric cars on local roads by 2020 and 42,000 by 2030, Chief […]

September 22 2017

California Sets Demands for Auto-Emission Talks With Trump

John Lippert and Ryan Beene California may re-open discussions on its greenhouse gas limits for cars and trucks for 2025, so long as automakers and the Trump administration embrace significantly tougher targets the state is seeking for later years. Automakers have “a whole laundry list of things they’ve asked for” to ease the state’s standards […]

September 22 2017

Imposing Solar Tariffs May Cost U.S. Taxpayers $1.23 Billion

Chris Martin Imposing tariffs on solar components imported into the U.S. will drive up prices for solar developers. It could also cost U.S. taxpayers as much as $1.23 billion. The U.S. offers incentives to encourage people to use clean energy, paying owners of solar-power systems a tax credit equal to 30 percent of the total […]

September 22 2017

A $21 Billion, Failed U.S. Nuclear Project Still Haunting Scana

Scana Corp. may have dropped a $21 billion plan to build a nuclear power plant in South Carolina two months ago, but washing its hands of the project altogether won’t be so easy. On Thursday, the utility disclosed that it had received a federal subpoena for documents related to the canceled reactors. Earlier this month, […]

September 22 2017

Free-Trade Deals May Soften Tariffs on Solar Panels

U.S. free-trade deals with Canada and other countries may soften the impact of tariffs on imported solar panels now that Suniva Inc. has convinced the government it was hobbled by foreign competition. The U.S. International Trade Commission voted 4-0 Friday in favor of a complaint filed by the bankrupt solar manufacturer, which is seeking duties that would […]

September 22 2017

China Power Giants Pursue $3.6 Billion Finnish Grid

China Southern Power Grid Co. and China Yangtze Power Co. are among companies weighing bids for Finnish power distributor Elenia Oy, which could fetch as much as 3 billion euros ($3.6 billion), people with knowledge of the matter said. Elenia’s owners have asked suitors to submit non-binding indicative offers by mid-October, according to the people, who […]

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